Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
801-363-6500
268 South State Street, Suite 300
Salt Lake City, UT 84111

Celtic Bank is headquartered in Salt Lake City and is the 30th largest bank in the state of Utah. It is also the 2,294th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 117 employees at 1 location. Celtic Bank's money market rates are 48% higher than the national average, and it has a A health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Celtic Bank had $7.39 million in non-current loans and owned real-estate with $50.48 million in equity and loan loss allowances on hand to cover it. This gives Celtic Bank a Texas Ratio of 14.64% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Celtic Bank decreased dramatically from 32.37% as of December 31, 2012 to 14.64% as of December 31, 2013, resulting in a positive change of 54.78%.This indicates that the balance sheet and financial strength for Celtic Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Celtic Bank has increased its total deposits by $35.13 million, resulting in 18.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Celtic Bank has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Celtic Bank has $279.63 million in assets with $50.48 million in equity, resulting in a capitalization level of 18.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57056
Year Established2001
Employees117
Primary RegulatorFDIC
Assets and Liabilities
Assets$279.63 million
Loans$217.08 million
Deposits$222.74 million
Equity Capital$40.04 million
Loan Loss Allowance$10.44 million
Unbacked Noncurrent Loans$3.95 million
Real Estate Owned$3.44 million
Historic Data - December 2012
Assets$248.45 million
Equity Capital$34.03 million
Loan Loss Allowance$7.67 million
Unbacked Noncurrent Loans$3.95 million
Real Estate Owned$8.74 million
Profit Margin - Quarterly
Net Interest Margin6.17%
Return on Assets2.46%
Return on Equity17.49%
Interest Income$18.33 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Celtic Bank, we are a rate comparison website and can not provide official rates or promotions.

Celtic Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$1m-Personal Money Market Account
0.65%$1m-Business Money Market Account

Celtic Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$1k-5 Year CD
1.23%$1k-4 Year CD
0.81%$1k-3 Year CD
0.40%$1k-2 Year CD
0.37%$1k-18 Month CD
0.25%$1k-1 Year CD
0.18%$1k-6 Month CD
Locations


Celtic Bank Locations
Celtic Bank268 South State Street, Suite 300Salt Lake City, UT 84111